October 20, 2014 2:37 PM ET

Household Durables

Company Overview of SVP Worldwide

Company Overview

SVP Worldwide designs, manufactures, and distributes sewing machines, embroidery machines, notions, and accessories globally. It offers overlock machines, quilting machines, garment care products, and embroidery software. The company was founded in 1851 and is based in LaVergne, Tennessee, with additional offices in the United States and Sweden. It has manufacturing facilities in Shanghai, China; and Juazeiro and Indaiatuba, Brazil. SVP Worldwide operates as a subsidiary of SVP Holdings Ltd.

1224 Heil Quaker Boulevard

LaVergne, TN 37086

United States

Founded in 1851

Phone:

615-213-0880

Fax:

615-213-0994

Key Executives for SVP Worldwide

Chief Executive Officer
Age: 48
Senior Vice President of Supply Chain
Senior Vice President of International Sales & Business Development
Global Vice President of Sales & Marketing
Age: 56
Vice President of Product Development
Compensation as of Fiscal Year 2014.

SVP Worldwide Key Developments

SVP Worldwide Launches TRUEMBROIDERY(TM) 3 Elements Software and TRUEMBROIDERY(TM) 3 Elite Software

SVP Worldwide announced that it has launched two versions of TRUEMBROIDERY(TM) 3 software for Mac(R) computers: TRUEMBROIDERY(TM) 3 elements software and TRUEMBROIDERY(TM) 3 elite software. Remaining compatible with most embroidery machine brands, TRUEMBROIDERY(TM) 3 software allows users to experience personalized embroidery designs with features developed for the Apple operating system. The new TRUEMBROIDERY(TM) 3 software works exclusively with Mac(R) computers and will be compatible with the OS X Yosemite and Mavericks operating systems. The software incorporates gestures, simplified interfaces, user-friendly menus, drop-down boxes, the ability to view multiple windows at once, and other features that are important to Mac(R) computer users. TRUEMBROIDERY(TM) 3 elements software, the fundamental embroidery software for Mac(R) computers, includes an expanded and comprehensive library of embroidery designs, fonts, projects and image backgrounds to help one style and personalize embroidery designs with ease. New software features include: Life View: Rotate, angle and view what the finished project will look like from a realistic, three-dimensional perspective. This includes the capacity for a real-world view of special embroidery techniques using puffy foam, glow-in-the dark threads and other unusual materials; TRUE(TM) 3 Thread Cache: Use an iOS app to inventory thread before beginning an embroidery project, ensuring one have the supplies one need; and then print and view a shopping list; and TRUE(TM) 3 Studio: Adjust, monogram, personalize, and combine the embroidery designs, including: Create own designs from clipart or photos. Add a traditional or modern monogram, selecting from 145+ special fonts - or create one automatically from a computer font. TRUEMBROIDERY(TM) 3 elite software includes all of features listed above, as well as 100 additional premium embroidery designs from the exclusive TRUEMBROIDERY(TM) design collection. New software features include: QuiltBlock(TM) Assistant: Create a filled or outlined quilt block in just a few clicks. One can even create a quilting fill around an embroidery; TRUE(TM) 3 Modify: Restyle, reshape, and improve the embroideries with perfect accents by editing stitch areas to create brand new patterns; and TRUE(TM) 3 Create: With unlimited design possibilities, craft an all-new heirloom with exquisite lace and special stitching techniques. TRUEMBROIDERY(TM) 3 software for Mac(R) computers offers compatibility with most embroidery machine brands, including Baby Lock(R), BERNINA(R), Brother(R), HUSQVARNA VIKING(R), Janome(R), PFAFF(R) and SINGER(R). Sold exclusively at certified TRUEMBROIDERY(TM) 3 software for Mac(R) retailers, the Manufacturer's Suggested Retail Price of TRUEMBROIDERY(TM) 3 elite software is $2,299 (includes one year of software support) and TRUEMBROIDERY(TM) 3 elements software is $899 (includes 90 days of software support).

SVP Worldwide Launches INSPIRA STUDIO(Tm) by ClosetMaid(R) Organizational System

SVP Worldwide announced INSPIRA STUDIO(TM) by ClosetMaid(R) organizational system, a revolutionary solution with unique features that help sewers and crafters minimize clutter, enhance their organizational capabilities and take their creativity to new heights. Consisting of eight pieces of smart modular furniture, including a patent-pending thread cabinet, the INSPIRA STUDIO(TM) furniture collection addresses the needs of millions of DIY consumers who struggle to organize their growing array of supplies that make possible their creative passions, such as sewing, crafting, scrapbooking, embroidery, and knitting. As the DIY and personalization movement has exploded in recent years, so has the range and variety of materials -- so much so that consumers have spent more than $600 million annually on dedicated sewing and related areas, according to a recent report from Freedonia Research. INSPIRA STUDIO(TM) smart furniture's modular pieces can be arranged and to the needs of each consumer. The eight-piece collection includes five large, stackable cabinets; two smaller, mobile cabinets; and an activity table. Of the five stackable pieces, the patent-pending thread cabinet is the system's piece. Its full-extension frames organize and inventory up to 300 spools of thread, bringing even the deepest part of the cabinet within easy reach. It also features easy glide and tilting thread racks with removable thread bars for quick access to spools -- big or small, tall or short. Additional large cabinets are: the industry-first fabric cabinet, which stores and protects favorite materials on stylish fabric organizer boards accessible via an easy-slide track system, the mat and hoop cabinet, the three-drawer supply cabinet and the compartment cabinet. The two smaller, mobile cabinets-on-wheels let sewers and crafters transport their supplies to the areas where they're creating. The mobile notions cart features an accessory caddy and tempered glass top -- can see what need without digging to the bottom of drawer. The mobile project storage cart features INSPIRA STUDIO(TM) three- and five-inch fabric boxes with protective lids designed to hold latest projects, from patterns to scrapbooks. The adjustable activity table provides a large, smooth space for sewers and crafters to do anything from cut patterns to lay out scrapbook pages, and can be set anywhere from 29- to 44-inches in height so can work sitting or standing.

Kohlberg Reportedly Looking To Sell SVP Worldwide

Kohlberg & Company, L.L.C. is exploring a sale of SVP Worldwide that could fetch more than US$500-million, three people familiar with the matter said on March 12, 2014. SVP Worldwide is working with Harris Williams on the potential sale, the people said.

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